Fashion

What would I have to do to purchase items at wholesale prices in the UK?

Answer by Syama Meagher:

I would really make sure those products have a high enough perceived value to warrant the price point you will have to charge to get the same margin dollars on a non imported product. $100 retail shirt in the US, $25 cost price, might become a $50 cost price with a $100 retail price.

Once you have decided that the brand value or perceived value is strong enough, then make sure you are looking at all the customs and taxes you will have to pay. Depending on your volume you may want to look at a customs broker.

Set your purchasing price at an exchange rate at the time. You want to be clear on how much you are going to be paying as many retail contract have you pay at net 30 or sometimes 50 down 50 later. You dont want to get screwed here.

What would I have to do to purchase items at wholesale prices in the UK?